Cincinatti Financial vs. Motorists: Which Company is the Best Fit for You?

Quick Facts

• In general, Cincinatti Financial offers significantly less expensive rates than Motorists
• Cincinatti Financial offers cheaper average premiums for drivers who have a speeding ticket on their driving record
• Motorists may help you save more money -- they offer more discounts than Cincinatti Financial

Cincinatti Financial or Motorists: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? After all, you've seen ads from all sorts of companies offering substantial savings. But exactly how much can you save by switching?

You might have narrowed it down to Cincinatti Financial or Motorists, but which company will offer you more affordable prices?

Looking at the national average rates for both carriers, Motorists is around $51 more a month than Cincinatti Financial.

Even so, that doesn't necessarily mean Cincinatti Financial will be the less expensive option for every single driver. Insurance companies use all sorts of complex algorithms to determine premiums, so depending on how clean your driving record is or how good your credit score is (among a bunch of other factors), you could see wildly different rates from the ones above.

Luckily, we've broken down average premiums from both Cincinatti Financial and Motorists by a variety of different rate factors, so read on to find out which carrier is the best for you.

Cincinatti Financial vs. Motorists: Average Car Insurance Rates by State

Cincinatti Financial and Motorists only compete against each other in two states, with Cincinatti Financial offering more affordable prices to the average driver in all of them. If you live in Kentucky, Cincinatti Financial is the cheaper of the two carriers when looking at the overall average rates. Motorists is the more affordable option in Ohio.

That being said, there are plenty of other factors that go into your car insurance payment than just your home state. Read on to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for insurance compared to older drivers. That's usually because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean teen drivers can't still save money on their auto insurance. For example, 18-year-old drivers pay an average of over 15% less per month by choosing Motorists over Cincinatti Financial.

However, with both companies, you'll see your premiums reduce significantly once you turn 25. Motorists offers the steepest decrease, with 25-year-olds paying less than half what 18-year-old drivers are charged. That being said, Cincinatti Financial still has the most affordable prices at $193 monthly.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the cheapest insurance rates you'll ever find. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for car insurance.

But who has the best premiums for retired drivers between Cincinatti Financial and Motorists? Cincinatti Financial gets the edge here, with average rates coming in at about $122 a month compared to Motorists's $219.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive auto insurance premiums than married policyholders. That's because policies for married couples normally cover multiple vehicles, which several carriers will give you a discount for.

For those who are single, the difference in average rates between these two companies is significant, with Cincinatti Financial prices coming in at around 10% less than Motorists's. For married drivers, the advantage is clear again - Cincinatti Financial has the edge when it comes to average rates.

Cincinatti Financial or Motorists: Average Rates by Gender

Because women are less likely to get into accidents and get tickets, they are less likely to file a claim with insurance. So, insurance carriers will often charge women less than men.

Women usually pay about 6% a month less than men with Cincinatti Financial, but with Motorists, the difference is closer to 5% per month.

Looking at the data for each company specifically, Cincinatti Financial offers the lowest average prices for both men and women. On average, male drivers save about $51 a month and women save around $52 with Cincinatti Financial compared to the average Motorists policyholder.

Cincinatti Financial vs. Motorists: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

It's no secret that insurance can be a complicated subject for most people. Everyone needs auto insurance, but there are so many different terms and limits that it can be hard to find the right policy for you.

That being said, the most common policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers and passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability).

Looking specifically at state minimum liability insurance, Cincinatti Financial has the edge, with average monthly premiums coming in at $106. If you want a full coverage policy with the same state minimum limits, Cincinatti Financial again has the edge, with policies averaging about $293 per month to Motorists's $379.

Is Cincinatti Financial or Motorists Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

It's no secret secret that at-fault collisions and speeding tickets lead to higher prices, but which carrier -- Cincinatti Financial or Motorists -- has the cheapest premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Cincinatti Financial for their auto insurance can normally expect their monthly bill to go up around 15% after getting a speeding ticket. Motorists policyholders can expect a less drastic increase of about 10%.

However, Cincinatti Financial tends to offer the best prices for drivers both with clean records and with a ticket -- their rates are around 28% less expensive for drivers with clean records and 24% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Cincinatti Financial can expect to see around an $92 -- or about 43% -- rise in their car insurance rates. Drivers who use Motorists for their auto insurance will see a monthly bill around $37 (or 18%) more expensive after reporting an accident to their insurance company.

At the end of the day, drivers who use Motorists end up with the cheaper prices after an accident, with average premiums coming in at $206 compared to Cincinatti Financial's $214.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple speeding ticket or even a collision. For example, Motorists increases average prices by more than $250 a month -- that's more than a 60% increase.

But if you end up with a DUI charge and are looking for more affordable rates, Cincinatti Financial tends to be more affordable for the average driver, with monthly premiums coming in at about $320 to Motorists's $442.

How does Credit Score Impact Cincinatti Financial and Motorists Rates?

Did you know many car insurance companies take your credit score into account when determining premiums? This isn't true for everyone (for example, California and Massachusetts are two states that ban the practice entirely), but it will come into play for lots of drivers.

The reasoning insurance carriers use is that policyholders with bad credit will be less likely to pay their bills on time; so generally, they'll be asked to pay more, while those with good credit will be rewarded with less expensive rates.

So, which carrier offers the most affordable prices for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Cincinatti Financial will typically reward you the most. For policyholders with "excellent" credit scores, Cincinatti Financial comes in nearly NaN cheaper. Drivers with "good" credit scores normally save around 7% with Cincinatti Financial compared to average rates from Motorists.

Which Company is Best for Drivers with Bad Credit?

Cincinatti Financial typically offers lower prices than Motorists when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 14% per month less with Cincinatti Financial compared to Motorists, and those with "poor" scores typically save an average of around 34% per month.

Is Cincinatti Financial or Motorists Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a big impact on your monthly premiums. Generally, those who drive fewer miles will end up with less expensive prices since there's less of a chance of causing an accident and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Cincinatti Financial charges. However, there's a small difference in monthly rates for Motorists, with policyholders who drive the least paying about $10 less every month compared to those who drive 12,000 miles each year. Still, for drivers in both categories, Cincinatti Financial is the more affordable company.

Cincinatti Financial or Motorists: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your car can play a sizable role in how much you pay for auto insurance. Usually, if you live in a rural area with fewer cars on the road, you'll pay a little less for car insurance, while the opposite is true for people in urban areas.

Cincinatti Financial tends to offer the most affordable prices for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Cincinatti Financial's average premiums are around $66 less than Motorists Insurance Group. People who live in suburban areas pay about $18 less with Cincinatti Financial compared to Motorists. Those in rural areas can expect to save around $70 with Cincinatti Financial compared to Motorists.

Cincinatti Financial vs. Motorists Discounts

You want to save as much money as you can, right? The best way to do that is by taking advantage of as many auto insurance discounts as possible.

But with what seems like a million different discounts out there, it can be challenging to find all the ones you can take advantage of or to nail down the company that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Cincinatti Financial and Motorists so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Overall, Motorists comes out ahead with 14 discounts to Cincinatti Financial's 10.

There are a couple discounts both companies offer, but Motorists also offers discounts for ABS, empty nester discount, hybrid vehicle, and more.

On the other hand, Cincinatti Financial has a few proprietary discounts of their own for things like COVID-19 relief discount, good student discounts, group discounts, and more.

Final Thoughts: Is Cincinatti Financial or Motorists Best for You?

So, we've broken down the average rates for many of the variables car insurance carriers look at, and walked through the different discounts each carrier offers, too. But, at the end of the day, which insurance company is the right one for you and your specific driver profile?

Cincinatti Financial might be best for you if....

• You have a clean driving record, free of accidents, tickets, or DUIs.
• Your home is located in the suburbs.
• You don't spend much time in your car.

Motorists might be best for you if...

• You want to save money on your insurance after a collision.
• You're looking for discounts -- Motorists has the most.
• You want to save money while purchasing car insurance for a teenager.

Hopefully, this guide has ben a valuable resource as you compare Cincinatti Financial and Motorists and that you can now make a more informed decision when it comes to your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple companies, not just Cincinatti Financial and Motorists. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best insurance carriers in your area, all for free.

Cincinatti Financial vs. Motorists FAQs

Is Cincinatti Financial or Motorists cheaper?

Cincinatti Financial is the cheaper of the two companies when looking at national average premiums, with policies averaging $200 a month with Cincinatti Financial and $251 for Motorists. That being said, that doesn't mean Cincinatti Financial will be the lowest carrier for every driver, since there are many different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Cincinatti Financial or Motorists?

Unfortunately, the answer truly is "it depends.". One company is not necessarily "better" for everyone -- it all depends on the makeup of your unique auto insurance profile. For example, Cincinatti Financial is more affordable for drivers who have less-than-stellar credit scores, while Motorists offers cheaper prices for policyholders with an at-fault collision on their record.

Why do Cincinatti Financial and Motorists offer me different rates?

Car insurance carriers use many different variables when calculating the rates they charge. Factors such as gender, age, where you call home, your driving record, and sometimes even things like your credit score can all be used. Both Cincinatti Financial and Motorists use different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from multiple different companies.

How do I know if Cincinatti Financial or Motorists is right for me?

The only way to find the auto insurance company that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code and you'll get quotes from dozens of your local top insurance companies for free. That way, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Cincinatti Financial or Motorists at all, but another you hadn't even thought of!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.